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IRD expands list of e-payment platforms for taxpayers

Taxpayers will now be able to pay taxes digitally without having to physically visit the local tax office, the Internal Revenue Department (IRD), which is under the Ministry of Planning, Finance, and Industry announced May 25.

The e-payment services will be made available by local banks. Starting May 25, taxpayers will be able to pay tax using Ayeyarwady Bank’s (AYA Bank) online banking platforms as well as the AYA Pay mobile application.

Currently, taxpayers are able to pay their taxes using CB Bank’s internet and mobile banking services as well as on the IRD’s website using their corporate debitcards provided by the Myanmar Payment Union.

The IRD is now working on enabling e-payments of tax using the online payment platforms available at other local banks. A list of approved banks will be announced in due course.

The aim of going online is to deter mass gatherings at local tax offices to prevent the potential spread of COVID-19, but also to miminise the use of cash and make the tax payment process more convenient for taxpayers.

“Taxpayers are encouraged to pay their taxes online as this is the easiest, fastest and most secure method of payment now,” said U Min Htut, Director General of the IRD.

Business owners will also be able to pay their income tax, commercial tax, specific goods tax and stamp duties online using the services provided by the banks.

The Government’s COVID – 19 economic relief plan promotes the use of mobile financial services and also the Government itself will use mobile payments whenever it is feasible.

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Source : Myanmar Times

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